🚨₿itcoin Can Go Down by Expanding Leading Diagonal🚨
👋Hi everyone.
🏃♂️Bitcoin is moving near the 🔴Resistance zone($30,450-$29,500)🔴 and Important Resistance line.
🌊According to the theory of Elliott waves, Bitcoin seems to have succeeded in completing microwave A from the main wave B by means of Expanding Leading Diagonal.
📚If we want to look at Bitcoin from the point of view of classical technical analysis, the Expanding Leading Diagonal is actually the Ascending Broadening Wedge.
💡Also, we can see Regular Divergence(RD-) between two Consecutive Peaks.
🔔I expect Bitcoin to start falling again and at least to the🟢Support zone($26,880-$26,500)🟢 and the 🔵CME Gap($26,400-$26,290)🔵 is likely to be filled in this fall.
❗️Note❗️: If Bitcoin goes over $31,000,this analysis will ❌Fail❌.
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🌐➕Positive News➕🌐:
Novogratz thinks bitcoin ETFs will be approved this year.
Euro CBDC Advances Into ‘Preparation Phase’: European Central Bank.
Lightning Labs releases Taproot Assets alpha, bringing stablecoins to Bitcoin.
Fidelity Submits Updated Spot Bitcoin ETF Application.
UAE emirate launches new free zone for digital assets, Web3 and AI.
Bitcoin price could rise to $56,000 if BlackRock ETF approved: Matrixport.
Morgan Stanley Says ‘Crypto Winter May Be in the Past’.
JPMorgan Expects SEC Approval of Multiple Spot Bitcoin ETF’s Within Months.
Crypto exchange Binance restores euro services after finding new fiat partners.
🌐➖Negative News➖🌐:
Sen. Elizabeth Warren joins more than 100 lawmakers to ask Biden about plans to prevent crypto-financed terrorism.
Bitcoin ETF Approval Would Have Limited Impact To Coinbase's P&L: Barclay's Analyst
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Bitcoin Analyze ( BTCUSDT ), 4-hour time frame ⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy; this is just my Idea, and I will gladly see your ideas in this post.
Please do not forget the ✅' like'✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
🏃♂️Bitcoin is moving near the 🔴Resistance zone($30,450-$29,500)🔴 and Important Resistance line.
🌊According to the theory of Elliott waves, Bitcoin seems to have succeeded in completing microwave A from the main wave B by means of Expanding Leading Diagonal.
📚If we want to look at Bitcoin from the point of view of classical technical analysis, the Expanding Leading Diagonal is actually the Ascending Broadening Wedge.
💡Also, we can see Regular Divergence(RD-) between two Consecutive Peaks.
🔔I expect Bitcoin to start falling again and at least to the🟢Support zone($26,880-$26,500)🟢 and the 🔵CME Gap($26,400-$26,290)🔵 is likely to be filled in this fall.
❗️Note❗️: If Bitcoin goes over $31,000,this analysis will ❌Fail❌.
--------------------------------------------------------------------------------
🌐➕Positive News➕🌐:
Novogratz thinks bitcoin ETFs will be approved this year.
Euro CBDC Advances Into ‘Preparation Phase’: European Central Bank.
Lightning Labs releases Taproot Assets alpha, bringing stablecoins to Bitcoin.
Fidelity Submits Updated Spot Bitcoin ETF Application.
UAE emirate launches new free zone for digital assets, Web3 and AI.
Bitcoin price could rise to $56,000 if BlackRock ETF approved: Matrixport.
Morgan Stanley Says ‘Crypto Winter May Be in the Past’.
JPMorgan Expects SEC Approval of Multiple Spot Bitcoin ETF’s Within Months.
Crypto exchange Binance restores euro services after finding new fiat partners.
🌐➖Negative News➖🌐:
Sen. Elizabeth Warren joins more than 100 lawmakers to ask Biden about plans to prevent crypto-financed terrorism.
Bitcoin ETF Approval Would Have Limited Impact To Coinbase's P&L: Barclay's Analyst
--------------------------------------------------------------------------------
Bitcoin Analyze ( BTCUSDT ), 4-hour time frame ⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy; this is just my Idea, and I will gladly see your ideas in this post.
Please do not forget the ✅' like'✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Trade active
Comment:
Over $31,000 == Invalid
Trade closed: stop reached
